Risk factor
Very high price volatility
Profitability factor
Very favourable analyst view
About
Manuka Resources Limited engages in the exploration and development of gold and silver properties. It operates in two segments, Exploration and Operations. The company holds interest in the Mt Boppy gold project, which comprises 3 granted mining leases, 4 gold leases, and one exploration license covering an area approximately 210 square kilometers located in east of Cobar in the Central West region of New South Wales; and the Wonawinta silver project located in the east of Cobar Basin. Manuka Resources Limited was incorporated in 2016 and is based in Sydney, Australia.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers.
Target Price
The average target price of MKR.AX is 0.24 and suggests 85% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to incr